09/03/2010 | Contact: Trading Desk Spread Trading: +27 11 214 8101 - CFD Trading: +27 11 214 8102 - Email: info@gt247.com

Indices
Prices as at time of report generation
Dow Jones (Mar 10) 10527 10575 10535 10527 -11.00 1.6
Nasdaq 100 (Mar 10) 1887 1895 1884 1887 -1.75 1.5
S&P 500 (Mar 10) 1135 1141 1135 1135 -1.70 2.2
DJ Euro STOXX 50 (Mar 10) 2898 2899 2875 2878 0.00 -3.2
FTSE 100 (Mar 10) 5590 5610 5566 5590 3.00 4.3
Dax (Mar 10) 5910 5915 5867 5873 -5.50 -1.5
FTSE/JSE Top 40 (Mar 10) 25308 25375 25240 25308 0.00 0.5
Nikkei 225 (Mar 10) 10600 10600 10540 10560 -20.00 0.2
Hang Seng (Mar 10) 21125 21263 21080 21189 64.00 -2.3
Today's Corporate Events

Iliad Africa FY09 results expected. The Co reported FY08 net income of R250.4m.

Liberty International FY09 results expected. The Co had a FY08 loss of appx. R1.5bln.

Mvelaphanda Resources 1H results expected. The Co posted HEPS of 1110c a year earlier.

 
Today's Economic Events

1Q BER Business Confidence seen at 32.5 vs 28 in 4Q.

 

Gold Daily

FTSE/JSE Top 40 Daily Future


South African Market News
FirstRand delivered 1H attributable earnings of R4.52bln (+5% YoY), normalised earnings of R4.605bln (+1% YoY) and ROE of 17% (unchanged). Diluted HEPS fell 2% to 85.3c.

Ceramic Industries reported 1H/Jan revenue up 8.2% to R779.9m, profit up 34.3% to R86.7m.

DigiCore Holdings announced revenue of R249m (1H/Dec 08: R288m) and net profit of R23m (1H/Dec 08: R56.7m).

Groupe Five was downgraded to "sell" from "neutral" at UBS.

Gold fell to $1123/oz on Monday. The precious metal is above its 20D MA (rising @ $1110) and its 50D MA (rising @ $1109). The greenback fell against the Rand to 7.38, below its 20D MA (declining @ 7.63) and its 50D MA (declining @ 7.54).

On the JSE, the TOP40 rose 0.79% driven by BHP Billiton (+2.01% to 24937c) and Sasol (+2.46% to 29100c).

Basic Resources: Metmar (+8.97% to 425c), African Rainbow Minerals (+2.71% to 20460c) and Merafe Resources (+1.26% to 161c) closed at a 3-month relative high against the FTSE/JSE All Share whereas AngloGold Ashanti (-1.29% to 27880c) and Hulamin (-1.67% to 1180c) reached a new 3-month relative low against the FTSE/JSE All Share.

BHP Billiton announced that "it had reached terms for a significant portion of its hard coking coal volumes for 2010, based on a structural change to shorter term market based pricing for the contract period. The company has reached agreement with a range of customers throughout Europe, China, India and Japan."

Mondi was downgraded to "neutral" from "buy" at UBS.

Anglo Platinum's target price was cut to R790 from R832 at Goldman Sachs ("sell" rating unchanged).

Impala Platinum Holdings' target price was raised to R340 from R315 at BofA-ML ("buy" rating unchanged).

Exxaro Resources' target price was raised to R129 from R121 ("overweight" rating unchanged) and Kumba Iron Ore to R365 from R303 at Morgan Stanley ("equalweight" rating unchanged).

Sasol, the world's leader in the conversion of coal and gas to transportation fuels and chemicals, reported 1H HEPS down 51% to 1067c. The Co raised its interim dividend by 12% to 280c per share.

Absolute Holdings unveiled a 1H loss of appx. R2.9m vs a loss of R3.2m for the previous year.

Banks: RMB Holdings' 1H HEPS may rise in a range of 20% to 25% YoY from 121c a year ago. The Co (+1.71% to 3160c) reached a new 52w high.

Nedbank Group (+2.49% to 12965c) and Standard Bank (+1.55% to 11440c) reached a new 52w high.

Financial Services: Investec (+1.6% to 6035c) reached a new 3-month relative high against the FTSE/JSE All Share.

JSE Limited's FY09 EPS fell to 245c from 434c for same period a year earlier. The Co's revenue from operating operations rose 8% YoY to appx. R1.2bln. The Co (+1.1% to 6420c) reached a new 52w high.

Food & Beverage: Tiger Brands (+1.69% to 18499c) reached a new 52w high.

Industrial Goods & Services: Nampak (+2.45% to 1800c) and Remgro (+2.66% to 9599c) reached a new 52w high.

Media: Avusa (+10.53% to 2100c) closed at a 3-month relative high against the FTSE/JSE All Share.

Retail: Massmart Holdings (+1.08% to 10250c) closed at a 3-month relative high against the FTSE/JSE All Share.

Lewis Group (+1.65% to 5845c) and Spar Group (+0.59% to 7447c) reached a new 52w high.

Travel & Leisure: City Lodge Hotels (+0.45% to 7785c) reached a new 3-month relative low against the FTSE/JSE All Share.

AVI reported 1H revenue from continuing operations up 1.1% to R4bln. Headline earnings rose 9.2% to R307.1m.

Forex
(spot)
LAST CHG DAY %YTD
USD-ZAR 7.4175 0.0325 -0.3
GBP-ZAR 11.1423 0.0158 7.4
GBP-USD 1.5021 -0.0045 -7.1
EUR-USD 1.3614 -0.0020 -4.9
USD-JPY 89.99 -0.3200 3.4

Commodities
(spot)
LAST($) CHG DAY %YTD
Brent (ICE) 80.01 -0.46 0.2
Gold 1122.52 -1.03 2.3
Platinum 1590.50 -6.00 8.6
Silver 17.20 -0.05 1.9

Interest Rate
(spot)
LAST% LAST%
REPO 7.00 2Y SA Rate 7.22
PRIME 10.50 10Y SA Rate 8.96

Platinum Daily

Palladium Daily


Crude Oil Daily

USD / ZAR Daily

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